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104-10130-10472 ,|2025 RELEASE UNDER THE PRESIDENT JOHN F. KENNEDY ASSASSINATION RECORDS ACT OF 1992 jee

Cy anctassteiep CONF NTIAL B SECRET
ne ROUTING AND RECORD SHEET

-

SUBJECT: (Optional)

OL ce he tt

EXTENSION NO.

DATE

26 MAR 1865

TO:. e desi ion, room number, LW, a a .
build designatio ber, and | MV ose | COMMENTS (Number: each comment to show from who
to whom. Draw a: line: across. column: otter eoch comment.
Office of Security . i
(Attn: Mr. Bannerman) dc GORS| For your information ay {

ser GIO “ENSS* PY SECRET ((] CONFIDENTIAL INTERNAL (C]_s UNCLASSIFIED

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Fat, in his management.

MEMORANDUM FOR RECORD

SUBJECT: The Wackenhut Corporation
3280 Ponce de Leon Boulevard
Coral Gables, Florida

i. Mr. Bannerman, Security Office, arranged through Chief,
CCS for the writer to meet Mr. George Wackenhut, President of
subject, to explore its potential (for cover| support. At 10:30
a.m., on 14 March 1963, Mr. Wackenhut, Mr. Wes Reynolds, and I
met at Mr. Reynold's home, 3809 37th Street, North, Arlington. -

Mr. Reynolds epparentiy represents Wackenhut in the Washington

area, although I did not gather that the firm is. actually
operating here at present. Mr. Wackenhut end Mr. Reynolds, both,
are ex-FBI agents.

2. Waekenhut started his firm in 1954. In 1961 it was
reported to have 1100 employees and anticipated 1961 gales in
excess of $5 million. At present it has offices in Miami,

Coral Gables, Tampa, Jacksonville, Philedelphia, New York City,
Boston, Buffalo, Denver, los Angeles, San Jose (Calir.), Honolulu,
Ben Juan and Ponce, Puerto Rico. Wackenhut freely states that
he trades on the reputation of the FBI by publicizing widely the
21 ex-FBI agents, including two former Assistant Directors of the

3. The Operating Divisions of the company and their services
are described in a Wackenhut brochure as follows:

Investigative Division. .
Performs all types of investigations for attorneys, insurance

companies, banks and other businesses; sets up internal audit
systems to prevent embezzlements, and investigates personal back-
grounds of prospective executives, business partners and associates.

Scientific Services Division :
Conducts pre and post-employment, pre-promotional and speci-
fic lie detector examinations for business and industry; speciel-
izes in technical security and investigetive techniques, scientific
detection devices, and electronic and mechanical security methods
and equipment, and performs electronic "sweeps" to counter business
espionage through the detection of electronie intrusion attempts.

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Internal Intelligence Division

Specializes in exposing and controlling inside thefts that may
range from employee pilferage, through embezzlement of thousands of
dollars, to highly valuable industrial seerets.

Central Clearing Division

Assists personnel end security directors to screen quickly
the backgrounds of present and potential employees through the
messive files of The Wackenhut Yorporation.

Retail Store Protection Division

Increases net profits by reducing inventory shortages through
the control of internal end externel losses with security prograns
desisned to meet the client’s specific needs.

Training Services Division -

Provides specialized training programs for security, fire
fighting, investigative end other personnel of business orgenize-
tions and professional groups.

Industrial Security Division
Provides the essential security services that are required by

all companies seeking or handling government classified contracts;
assists management in disaster and emergency planning.

Fire end Safety Division
Supplies ambulance services, first eid crews, Waekenhut fire-

men fully trained in the technical field of industrial and mmi-

| Cipal fire fighting and equipment, and safety surveys, systems,
and educational programs.

’ Guard Forces Division

Selects, investigates, trains and supervises the uniformed
end plain-clothes guards who protect your operations; also provides
uniformed receptionists and guardettes; makes physical property
surveys to determine security requirements and. establishes security
systems and controls.

4. Mr. Wackenhut wants to expand abroad, in view of his
successful venture into Puerto Rico. However, he has no definite
plens as of the present and seemed to be seeking Grom CIA covert
sponsorship|for entry into areas of interest to us- He is pre-
pared to furnish personnel himself /or to permit integration of A
Agency nominees.{ :

d+ It is not epparent to me that there is any significant
market for Wackenhut's services in foreign countries, except
possibly among American businesses with physical plants overseas.
The nature of these services, I vould presume, would make rather
aifficult acquisition of the necessary occupational permits in
many countries. The potential for clandestine intelligence acti-
vities would be too Spyious to host governments, and the emphasés

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on former FBI personnel probably would enhance such suspicions,
particulerly in Latin Anerica where "FBI" means "intelligence"
since its WW II activities there.

6. CCS/NC on occasion receives requests for advice to busi-
ness orgenizations as to setting up security systems at overseas
installations. We recently referred a request of this type,
involving e« major oil company, to the Physical Security element of
the Security Office. Conceivably, the Agency might make some
arrangement to advise Wackenhut of such requests, providing our own
Security Office 1s satisfied as to Wackenhut's competence. (We 2“
could then place an Agency representative, if desired, An the tean2
dispatched overseas by Wackenhut } should his compeny successfully
secure the contract.

T- Wackenhut seid he would be willing to dispateh teams to
“set up personal security systems for foreign chiefs of state .
whom the Agency wants protected. He is amenable, in fact, to any
reasonable application of his capabilities to Agency problems.

He would be willing to negotiate financing in equitable propor-
tions in the event an overt operation, set up at Agency behest,
were not financially self-susteining.

8. Wackenhut impressed me as a clean-cut, energetic, ambitious
young business man who is obviously proud of what e 3 to be
a superior organization of its type. He is interesthin profits ,
but it is my impression he is sincerely eager to do what he can to
essist the government and feels that CIA offers one possible oppor-

. -tunity. Incidentally, he appears somewhat younger in person then __.

in the pictures appearing in the promotionel material given the
writer. ;

‘9. Copies of this memorandm are being furnished those Agency
- components which might have an interest in utilizing subject com-
peny. Inquirles may be directed to the writer.

FRED R. YOUNGBLOOD
Chief, CCS/HC

